DAP Gayrimenkul Gelistirme A.S. Stock Forecast
Green day on Friday for DAP Gayrimenkul Gelistirme A.S.
(Updated on May 10, 2024)
The DAP Gayrimenkul Gelistirme A.S. stock price gained 1.01% on the last trading day (Friday, 10th May 2024), rising from TRY 33.50 to TRY 33.84. During the last trading day the stock fluctuated 9.98% from a day low at TRY 32.66 to a day high of TRY 35.92. The price has fallen in 6 of the last 10 days and is down by -2.93% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately TRY 604.55 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DAP Gayrimenkul Gelistirme A.S. stock with a 90% probability to be traded between TRY 30.41 and TRY 35.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DAPGM.IS Signals & Forecast
The DAP Gayrimenkul Gelistirme A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 33.39 and TRY 33.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 5.82%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for DAP Gayrimenkul Gelistirme A.S. stock
DAP Gayrimenkul Gelistirme A.S. finds support from accumulated volume at TRY 33.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 3.26 between high and low, or 9.98%. For the last week, the stock has had daily average volatility of 6.65%.
Our recommended stop-loss: TRY 32.40 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (DAPGM.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect DAP Gayrimenkul Gelistirme A.S. to open at TRY 34.14, and during the day (based on 14 day Average True Range), to move between TRY 32.07 and TRY 35.61, which gives a possible trading interval of +/-TRY 1.77 (+/-5.24%) up or down from last closing price. If DAP Gayrimenkul Gelistirme A.S. takes out the full calculated possible swing range there will be an estimated 10.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at TRY 33.16 (2.01%) than the resistance at TRY 36.30 (7.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DAP Gayrimenkul Gelistirme A.S. stock A Buy?
DAP Gayrimenkul Gelistirme A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.894 Hold/Accumulate Unchanged
Predicted Opening Price for DAP Gayrimenkul Gelistirme A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 34.14 ( 0.89%) | TRY 33.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAPGM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.40 | 10.52 % | |
| R2 | 36.15 | 6.84 % | ||
| R1 | 35.39 | 4.57 % | ||
| Current price: | 33.84 | |||
| Support | S1 | 32.89 | -2.79 % | |
| S2 | 32.13 | -5.07 % | ||
| S3 | 30.88 | -8.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.90 | 9.04 % | |
| R2 | 36.50 | 7.86 % | ||
| R1 | 36.30 | 7.27 % | ||
| Current price | 33.84 | |||
| Support | S1 | 33.16 | -2.01% | |
| S2 | 33.00 | -2.48% | ||
| S3 | 32.74 | -3.25% |
FAQ
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